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| According to which section and act, the dissolution of partnership between all the partners of a firm is called the dissolution of the firm: |
Section 40 of the Indian Companies Act,2013 Section 40 of the Indian Partnership Act,1932 Section 39 of the Indian Companies Act,2013 Section 39 of the Indian Partnership Act,1932 |
| Section 39 of the Indian Partnership Act,1932 |
| According to Section 39 of the partnership Act 1932, the dissolution of partnership between all the partners of a firm is called the dissolution of the firm. That means the Act recognises the difference in the breaking of relationship between all the partners of a firm and between some of the partners; and it is the breaking or discontinuance of relationship between all the partners which is termed as the dissolution of partnership firm. |
